Martin Aitken & Co Ltd News & Developments

Martin Aitken & Co: news and comment

Acuity: Financial & Tax Spring 2019

Acuity: Financial & Tax Spring 2019

Tax, finance and investment matters for company directors, owner-managers and private individuals.

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Spring Statement 2019

Spring Statement 2019

The Chancellor found himself presenting his second Spring Statement sandwiched between a series of crucial Brexit votes. His speech was peppered with references to the need to achieve a smooth exit from the EU. Beyond that, Mr Hammond chose to keep the Statement a low‐key affair.

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ScotHot 2019 13-14 March 2019

ScotHot 2019 13-14 March 2019

Martin Aitken will be at Scotland's premier showcase for food, drink, hospitality and tourism on 13-14 March 2019.

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Martin Aitken & Co @ The Gathering 2019

The Gathering 2019

 

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Martin Aitken posts record growth as Airlie signs off as Chief Executive

Ewen Dyer Adrienne Airlie Feb 2019
Glasgow based accountant and business adviser Martin Aitken is preparing for further expansion as they record their biggest increase in turnover since the partnership converted to a limited company in 2013.
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VAT update: reverse charge from Oct 2019, things to watch out for in your VAT return, MTD for VAT and VAT explained video series.

VAT update: reverse charge from Oct 2019, things to watch out for in your VAT return, MTD for VAT and VAT explained video series.
VAT change coming for construction industry

The new measures are being introduced to reduce VAT fraud and evasion by placing the responsibility for VAT on the customer. HMRC believe that some small VAT-registered suppliers are charging VAT to their customers, but not then paying the VAT on to HMRC.

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Thinking ahead... don't miss out this tax year

Growth support
To ensure you don’t miss out on valuable allowances and exemptions that you are entitled to, you should plan and take advice now rather than leaving it until the end of the tax year, or the end of your financial year. Here are some suggestions for you to consider.
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Brexit planning checklist for Scottish importers & exporters

Brexit planning checklist for Scottish importers & exporters
Brexit – what now for businesses that trade with the EU?

There is still uncertainty around what Brexit will mean and planning for a “No Deal” scenario seems sensible right now.

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HMRC undertaking a review of employment status of Associate Dentists

HMRC undertaking a review of employment status of Associate Dentists

As you may be aware HMRC is currently undertaking a review of the employment status of Associate Dentists.  This review, according to HMRC, is to determine whether certain Associates in the profession should be treated as employed and not self-employed as they are now.

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MTD for VAT explained

MTD for VAT explained

In a series of short webinars, Mark McRae and Kim Matheson from our Cloud Accounting team explain what Making Tax Digital (MTD) is, who it applies to and what you need to do to prepare to submit your first digital VAT return post 1 April 2019 to HMRC.

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Dental Acuity Winter 2018-19

Dental Acuity Winter 2018-19
Commercial, finance and tax briefing for dentists

Click on the links below to read the full articles. If you have any queries or would like to discuss any of the issues raised in this edition, please do get in touch with Jayne Clifford, Director by email This email address is being protected from spambots. You need JavaScript enabled to view it. or by calling 0141-272-0000.

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Charity Acuity Winter 2018-19

charityA round up of the accounting, finance, risk and tax matters facing charity trustees, finance directors and financial managers.

Click on the links below to read the full articles and briefing notes. We do hope you find the information and forewarnings contained within this edition useful.

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Scottish Budget 2019-20

Outlook iconDerek Mackay MSP, Cabinet Secretary for Finance and the Constitution delivered his Scottish draft budget for 2019-20 in the Scottish Parliament on 12 December 2018. 

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MTD for VAT: Webinar part 1

MTD for VAT: Webinar part 1

In this short webinar Mark McRae, Director Martin Aitken &Co, explains what Making Tax Digital is, who it applies to and what you need to do to prepare to submit your first digital VAT return post 1 April 2019 to HMRC.

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MTD for VAT: Webinar part 2

MTD for VAT: Webinar part 2

In this short webinar (part 2), Kim Matheson, Cloud Services Manager, Martin Aitken & Co, provides an introduction to cloud accounting and runs through the MTD for VAT elements of two cloud accounting systems: Sage 50cloud and Xero. 

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MTD for VAT: Webinar part 3

MTD for VAT: Webinar part 3

 In this short webinar (part 3), Mark McRae, Director Martin Aitken & Co, provides a short demonstration of the MTD for VAT elements of Clearbooks Micro. This software solution may be suitable for smaller/micro businesses using spreadsheets to record their financial transactions and who require a digital solution to submit their VAT returns post 1 April 2019. 

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Finance & Tax Acuity Autumn 2018-19

Finance & Tax Acuity Autumn 2018-19

Our regular update on financial, investment and tax developments for investors, company directors and private clients.

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UK Budget 2018

UK Budget 2018

The Chancellor has laid out details signalling the end to austerity in a statement delivered between key meetings in the Brexit negotiations. Expectation leading up to the Budget had been for tax rises, with various revenue raising options discussed ahead of the statement.

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MTD for VAT: Are you ready for 1 April 2019?

MTD for VAT: Are you ready for 1 April 2019?

If you will be using the MTD system from 1 April 2019, you must use approved accounting software which will enable you to send regular updates to HMRC.

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VAT rates explained: standard, zero-rate & reduced rate.

VAT rates explained: standard, zero-rate & reduced rate.

In this short video, Iain Johnston, VAT Specialist at Martin Aitken & Co, provides an introduction to the different VAT rates: standard (20%), reduced rate (5%) and zero-rated (0%) and where they apply.

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